- Rep Power
Price rise in India
Price rise in any economy is not good.India is presently overheated economy.Every one knows that but out of sheer greed and to ape western lifestyle and luxury we are all acting blind including our so called economic experts and politicians.
Government has yesterday increased repo rate and CRR which are old and outdated traditional Keynesian model tactics which don't hold good any more.Moreover even symbolic effect will come after a month or so.
Both banks and traders have become smarter and they know how to circumvent such measures by RBI.
These half hearted and peanut approach should be abandoned and more radical and structural improvements are required in India throwing West borrowed Manmohan Singh Ji's economics which is utter failure in India in last 8 years.
Truth is bitter.Indian model currently followed is not sustainable as it is not sustainable in China or USA too.The countries are facing huge problems.The bad acts of greedy bankers, real estate developers and MNCs are manifested by one after other revelations about illegal acts by companies like Goldman Sachs.
First let us see why prices have gone up and are going up?
1. The argument given to us was that liberalization will increase production and productivity. it will reduce operations controls on businesses and private sector involvement will bring productivity, better management of assets and technology.
Nothing of this sort happened.In fact private sector has shown it is as much or even more corrupt and unproductive in indie as public sector.Barring a few well manged well meaning companies, majority are greedy,manipulators , tax avoiders and having poor quality and customer service.Profiteering has been key word
Theoretically when capacity goers up prices should come down.When competition goes up prices should go down.Why this has not happened?People should ask themselves and see who is to be blamed.
2. Salaries are a big cost component.6th Pay commission and private sector salaries have gone up by 100% to 1000% from government to private MNC sector.This is just too much and unwarranted in country like India.It has been main cause of unequal distribution of wealth in nation and cause of price rise in country.The manner in which governments have increased their running expenses reaching almost 30% of public budgets is condemnable. We should remember that governance is an expense on society and not productive.it should be minimum.But the way politicians and Bureaucracy are flying around, using imported car models and giving them,selves perks and parties is disgusting act.It must stop.There is no relation of salaries and perks and various ratios and indices in India to per capital GDP.
3. In an attempt to ape the American lifestyle and glamor Indians have gone mad after conspicuous consumption and over drive in spending money on reckless expansion of hi-fi infrastructure like malls and buildings.The property price escalation by 400-500% in 8 years has made businesses more expensive and risky.Obviously this cost has to be passed on to consumers.Do we need all this? and too fast? Why we need hi-fi malls all in 5 years period itself? Cant we have moderate growth rate? specially in luxury and show off?
If we have to ape American lifestyle we have to spend more, consume more and generate more garbage.It is just not sustainable for India like country and there is no income with common man.
A moderate growth rate that too in priority sector with target of 5-6 % growth is best suited to India for next 20 years.The madness let loose by Indian government should be rolled back.Reduce superficial consumption and luxury.Reduce expenses.
4.Though computerization as claimed to improve governance and information sharing.Not much has happened.Our judiciary is one of most rotten and corrupt system in world and non delivering and shamelessly it continues.The court premises anywhere are dens of under table transactions every day.
Corruption and rates have reached new peaks.It was supposed to happen with rising wages.A policeman with salaries and perks of 3 times now wont take same amount of tin bribe as 10 years before.
A major portion of Indian GDP ,almost 40% is sucked off from system in form of salaries wages,perks and corruption by Bureaucrats and politicians in nexus with greedy and unethical contractors including big muscle companies.This money goes in luxury spending ,real estate and goes abroad in Swiss bank accounts.
India's GDP itself is under reported as there is large scale tax evasion in real estate and general commodities. Even now.
5.break down of regulations. In name of liberalization and to help business lobbies and MNCs, government has shed regulations ( I am not talking of controls) thus leaving firld open for one and all to ,manipulate and over charge and loot consumers.The top corporate results mean mon ey is sucked from consumers or common man.We should not feel good on such corporate results.Why any business should have so high income? Either there is no competition or no regulation in country.Both are bad.How drug princes have gone up by as much as 500% in some cases since manmohan has taken over?
6. Financial markets and real state has been left open to MBCs and Foreign funds and HNIs from abroad including NRIs thus raising property prices.Same has happened in China but they have recently come down quickly to curb real estate bubble.Congress government is sleeping,In fact politicians and landlords are biggest beneficiaries of land sca running in country in last 8 years.
The reasons are more and one can go on listing.
But main point is Indian government and there so called experts should it down honestly and ponder over their bad acts in last 8 years, cool off the hysteria in economy and regulate the growth.Transparency , regulations and a fast and effective judiciary should be put in place.Consumption should be reduced.
reckless taxation by governments should be reduced back.Taxation and corruption are tow main causes of Price rise besides over consumption and hysteria created in name of Globalization. WE have ended up globalizing expenses and not incomes,WE cant do it so fats without R&D base, ill trained manpower and shortage of resources and land both.To add to this is our huge population.
If India starts consuming as much as an American ,India will simply become mountain of garbage.let us realize the truth and act.
- Rep Power
Price rise in India
property price rise
price of oil rise
gas price Rise
LPG price Rise
CNG price rise
Sugar price rise
commodities price rise
Price rise already 400% in India. Congress lead UPA government headed by a media made Economics expert carrying only paper degrees and a spent force, has become example of :
- Rampant corruption and indiscipline in various ministries
- Irresponsible capitalist policies to favor Western Banks and multinational companies
- Completely ignoring Judicial expansion and reforms for fast and inexpensive justice
- Worsening law and order
- Increasing poverty ,unemployment and exorbitant price rise seen in only handful of badly managed and corrupt countries like India
- Divide and rule in name of various reservations to hide failure and to create vote banks
In arrogance and unaccountability Manmohan Singh team continue to give doses of price rise despite price rise already 400% since he took over first, i.e. in 8 years.
In the new doses, UPA government has doubled natural gas prices including CNG and closed the 3G bids at astronomical prices of 67000 crores ( as against 1032 crores suggested by TRAI)which will further boost price rise in the economy.
On the other hand various ministers and Planning commission chairman repeatedly give assurance of inflation reduction giving new dates every time, without any evidence and support.
This country is being run by insincere,arrogant and western model aping people and now time has come for them to go.
People should,not helplessly watch and keep praising these experts created by media, despite seeing huge price escalation.
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I do agree with your point.Price rise in rural India is alarming.Price Rise has become a serious problem in India ,how can a common man like us survive in India.India is being run by insincere,arrogant and western model aping people and now time has come for them to go.
So what are you gonna do rather than whining? Take up arms? Do it, and I will stand behind you. Please do not provoke ordinary Indians unnecessarily.
Originally Posted by RK.Gupta
- Rep Power
Price rises in India
Price of the daily commodities is increasing very quickly. There are many reasons behind the price rise. The production of the commodities is less and there is more demand. The population is increasing very rapidly and there are shortages of food grain. People have to buy them in high price. The poor people cannot afford to buy the commodities with high price. Most of the time the black marketing increases the price of the commodities and hence the people have to buy them in high price. This is a major and serious problem.
Rising price of raw materials
Rising prices of common goods is evident as the prices of raw material are rising. The cost price of everything is rising and so to maintain a profit margin the producers canít be blamed for increasing the market prices. Itís the job of the government to formulate policies so that this price rises can be stopped. Black marketing and rising demands are to be handled efficiently to reach a solution.
Literally pay more and more
The prices of petrol, LPG, CNG and general necessities are increasing at an alarming rate. The finance minister seems to try his best but fail each time. The reason for all this is apparently corruption at beach level. While the political groups are following a divide and rule policy passing various reservation bills it is not taking into notice the already 400% increase in the prices. Something needs to be done.
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Rising Prices: Problem For Common Man
Gas Prices Rising
Petrol Prices Rising
Onion Prices Rising
CNG prices Rising
Oil Prices Rising
Vegetable Prices Rising
Essential Commodity Prices in India Rising
Wheat Prices Rising in India
Fuel Prices Rising in India
Siting idle in front of computers and waiting for some messiah to come is meaningless. Indians must become proactive and now take over governance of country, as one after other wily politicians are failing us.
First thing is don't take things sitting down.Demand information , File complaints , Use right to information act 2005 and withdraw cooperation to government when they exceed limits. This is how democracy can and should function.
Indian National Congress political Party of India has to take blame as they ruled for maximum times .congress party can't escape accountability. They only vitiated the country's ethics and moral fiber for greed of power and money.Naturally other parties have to do same.
Price Rise in India
Itís a fact that the price of commodities rises along with the development of the nation. But the earning sources of the people should also be equally lucrative so that they donít suffer for it.
It has become constantly difficult for the common Indians to lead a life. The continuous price hike is making their life miserable.
A spoke person form the UPA government is saying that as the price of petrol is hiked, it will not affect the common people; because common man doesnít drive a car. But this spoke person should know that the price of petrol is related to all the essential commodities; because all are transported by vehicles that run through petrol. The increase in price of petrol will lead to the hike of transportation cost and ultimately the common man will have to suffer for it.
Along with the price rise, we need better economic condition for the people. People should have enough earning opportunities. Then no one will complaint against the price hike.
The political parties should also not try to gain political advantage from this. They should protest in a productive way. Strike is not the solution. It only leads to more price hike, there will be loss of crores of rupees for the country because of these political bandhs.
I invite the citizens of India to share their views and participate in this discussion.
Price rise in India
Price rise are like giants that are always hungry and seeking for more. Whenever there is a slight crisis in economic sector, the only solution that government comes up with is price hike to balance the uneven. It often seems that government has no foresight and therefore they do not have any ready alternative plan that can deal with the crisis. The economic strategies are not well designed and have flaws, and are weak in critical situation. Government themselves do not spend money judiciously and then in tough times they always fall back on price rising strategy. These strategies that are always designed thinking of industrialist and capitalist, but never from the mind of common man and itís a common man that suffers the most. The common man should not sit and accept everything, but rather they should use their power of vote and make a difference.